Tag: upi payments
Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edge
The Finance Ministry on Thursday rejected allegations that US pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on select UPI payments,…
UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax credit
The new merchant discount rate (MDR) on UPI payments above Rs 2,000 will attract 18% Goods and Services Tax (GST), but eligible merchants can claim…
From UPI to cash? Retailers warn new MDR could hit small merchants ahead of festive season
New Delhi: The Retailers Association of India (RAI) on Wednesday said the government’s move to impose a 0.4 per cent Merchant Discount Rate (MDR) could…
Banks cannot impose charges on UPI payments of up to Rs 2,000, govt says
The Central government on Monday announced that banks cannot impose any charges on Unified Payments Interface (UPI) transactions of upto Rs 2,000 or debit card…
UPI to remain free for users; nominal MDR may apply to select merchant transactions
The government on Saturday said consumers making payments through UPI will not face any transaction charges, while any future merchant discount rate (MDR) will apply…
Kiwi cofounder Mohit Bedi steps down from executive role after four years
Mohit Bedi, cofounder of fintech startup Kiwi, has stepped back from his executive role after four years of building the company. In a LinkedIn post…
Kiwi cofounder Mohit Bedi steps down from executive role after four years
Mohit Bedi, cofounder of fintech startup Kiwi, has stepped back from his executive role after four years of building the company. In a LinkedIn post…
NHAI to discontinue cash toll payments from April
Come April 1 and no cash payments will be allowed at the national toll plazas across the country with the National Highways Authority of India…
Groww eyes affluent investors, wealth management growth as it gears up for Rs 7,000 crore IPO
As it gears up to list on Indian stock exchanges, wealthtech startup Groww is looking to expand its affluent user base, and upsell more than…